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What is a Non-Custodial Bank in Web3?

Fintech Review

As the landscape of digital finance continues to evolve, non-custodial banks are emerging as a revolutionary solution, especially within the Web3 ecosystem. These banks allow users to maintain full control of their funds, unlike traditional banks that hold or manage their clients’ assets.

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Norway Joins TIPS, Adding Norwegian Krone to Eurosystem’s Instant Payment Service

Fintech Finance

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. Norway is the first non-European Union country of the European Economic Area to join one of the Eurosystem’s TARGET Services.

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Sacombank Reportedly Planning 33% Stake Sale to Raise Up to US$880 Million

Fintech News

The bank, listed in Ho Chi Minh City, intends to offer the shares at 34,500-36,000 dong (US$1.36-US$1.40) This move values the bank at approximately 53.5 The sale faces significant hurdles due to regulatory limits on foreign ownership in Vietnamese banks, capped at 30%. trillion dong (US$2.1

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BPC and Arkwright Consulting Report Reveals that Challenger Processors are Growing at Four Times the Rate of the Overall Card Processing Market

Fintech Finance

Challenger processors outperforming incumbents According to the report, new card processing models, driven by technological innovation and the growing influence of non-bank entities like retailers and gig economy platforms, are gaining significant momentum. in 2021 to 4.0%

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Tackling NPA: How Advanced Lending Software Solutions Are Helping Indian Banks

Finezza

The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases.

Non-Bank 105
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UOB to Move Part of its Operations to Malaysia as Part of Long-Term Profitability Plan

Fintech News

Lee Wai Fai This strategic move aims to maintain the bank’s cost-to-income ratio at 40% by 2026, according to Group Chief Financial Officer Lee Wai Fai. The bank anticipates non-interest income contributing 37% of overall income by 2026, driven by growth in wealth management, trade finance, and customer treasury services.

Non-Bank 122
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Grab’s Digibank Deposits Reach US$479M, Driven by Growth of Malaysia’s GXBank

Fintech News

Singaporean multinational technology company Grab Holdings released its unaudited financial results for the first quarter ended 31 March 2024, revealing a significant increase in customer deposits in its digital bank business. As of 31 March 2024, around 80% of GXS Bank’s FlexiLoan customers were also Grab users.

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